Satoshi

Bitcoin ETF

Bitcoin

Million

<ul class="wp-block-list news-points"> 
 <li>Goldman Sachs revealed $418M in Bitcoin ETFs, showcasing its shift towards digital assets and institutional adoption. </li> 
 <li>Bitcoin ETF adoption soared in 2024, with the iShares Bitcoin ETF alone drawing $20.5 billion in net inflows this year. </li> 
 <li>BlackRock is on track to surpass Satoshi Nakamoto’s Bitcoin holdings, becoming the largest holder by late next year. </li> 
</ul>   
Goldman Sachs has shifted its stance on digital assets, investing heavily in <a href="https://coinedition.com/bitcoin-etfs-buck-the-trend-with-surprise-inflows/">Bitcoin ETFs</a>. The banking giant disclosed holdings of $418 million in Bitcoin-related ETFs in its latest quarterly <a href="https://www.sec.gov/Archives/edgar/data/886982/000076999324000301/xslForm13F_X02/InfoTable_2024-08-13_Final3.xml" target="_blank" rel="nofollow">13F filing</a>. This report, for the quarter ending June 30, reveals Goldman Sachs’ growing interest in Bitcoin investments.   
The filing highlights a major position in BlackRock’s iShares Bitcoin Trust, valued at $238.6 million. This position includes 6,991,248 shares. Besides this, Goldman Sachs also holds $79.5 million in the Fidelity Bitcoin ETF and $35.1 million in the Grayscale Bitcoin Trust. Moreover, the bank has invested $56.1 million in the Invesco Galaxy Bitcoin ETF, further demonstrating its confidence in the digital asset space.   
Goldman Sachs also maintains smaller positions, including $8.3 …
The post <a href="https://coinedition.com/goldman-sachs-embraces-bitcoin-etfs-invests-418-million/">Goldman Sachs Embraces Bitcoin ETFs, Invests $418 Million</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Goldman Sachs Embraces Bitcoin ETFs, Invests $418 Million

Coin Edition

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